Lump Sum Alimony Florida Approves
There is no better axiom that a divorce attorney can subscribe to when explaining alimony in Florida than that of AZ’s ‘knowledge is freedom’. Of course, the lyric is completed by ‘hop in the BM and drive to New Zealand’, but for the purposes of this post let’s just focus on the hook. In case you’re not familiar, in my opinion and in spite of the preceding, AZ is one of the most underrated rappers to ever come out of BK. But I digress.
The point is that the more educated a client is, the more equipped they are to survive a divorce. You don’t have to be Stephen Hawking to know that one of the most important concerns of someone facing divorce in Florida is understanding the rules for determining alimony or spousal support. The fact that lump sum alimony in Florida is basically a clusterf*ck to anyone without an ESQ behind their name certainly doesn’t help. Thankfully, yours truly is here to break it down for all of you inquiring minds out there. I know it may be difficult, but please, hold your applause.
Lump Sum Alimony Calculator Does Not Exist
To begin, Florida courts have found that lump sum alimony is not an independent form of alimony; but rather a vehicle to administer rehabilitative or permanent alimony when proof of special circumstances exist rendering the aforementioned types of alimony unavailable or inappropriate. For example, say your good for nothing ex wasted a good chunk of your nest egg at the Roulette table during your time of wedded bliss or has since made significant contributions to the girls working the champagne room at Scores/designer shoe department at Saks. Throw in the fact that your former flame cut down his or her hours at work to closely monitor their fantasy football league/take monthly yoga retreats in Costa Rica and there’s a good chance the court will find it reasonable to suspect the lousy bum might find ways to avoid the payment of permanent periodic alimony and therefore award the same as a lump sum payment.
The second function of lump sum alimony in Florida is to effectuate an equitable distribution of marital property. Again, there must be a justification for the lump sum payment and the payor spouse must have the financial ability to make said payment without substantially endangering his or her economic status. There are several other unique aspects of lump sum alimony in that it differs from other alimony remedies as it may be comprised of real property, such as a spouse’s half-interest in a marital home, and establishes a fixed monetary obligation that vests immediately, is non-modifiable and does not terminate when the payee remarries or when the payor dies. Beyond this, considerations including enforcement of the award and if the payor subsequently files for bankruptcy.
If your head is spinning worse than a Delta on double secret probation, you’re in luck. A qualified family lawyer knows just how important it is to facilitate an understanding of all types of spousal support, including lump sum alimony, in Florida through extensive education. After all… fat, drunk and stupid is no way to go through life.